FrankInNC
New Member

Less than $1000 of used items sold on eBay - NO 1099-K necessary...

Greetings!

I earned less than $1000 from sales of used items on eBay last year. These were all older items that I sold at a loss. Further, eBay did not generate a 1099-K for me, saying "You didn't receive a From 1099-K because your gross amount of payments didn't meet the IRS or state reporting thresholds".

 

The following Intuit community message...

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/selling-personal-items-on-ebay/0...

 

...has a comment stating that I may still need to report the sales on my tax return, and that someone here in the forum might be able to give me advice on how I should do this. NOTE that I do NOT intend to report any losses for a deduction.

 

We're using the TurboTax Premium online version that we purchased via a link from our local credit union - but I don't see 'Premium' listed among the dropdown list choices (there's 'Premier', but no 'Premium').


THANK YOU!